If you wanted to set up a business importing amber jewelry from Latvia to the United States, you would have to plan on paying the U.S. Customs Service a government tax of roughly 11 percent of the value of the product as
A) a bribe.
B) a tariff.
C) a subsidy.
D) an excise tax.
E) a quota.

Question

Quizplus · Accepted Answer

A tariff is a tax imposed by a government on imported goods, which in this case is the 11 percent tax on amber jewelry imported from Latvia to the United States.

If You Wanted to Set Up a Business Importing Amber